Australia, forest fire

Cal Phoenix Re cat bond priced as total loss

2018-11-16T21:34:00+00:00

The $200mn Cal Phoenix Re Ltd ILS is being priced as an effective total loss in the secondary cat bond market which also suggests investors believe PG&E’s $1.4bn insurance program will be totalled by the ferocious Californian Camp fire.

California fires 900px

Californian regulator eases PG&E bankruptcy fears

2018-11-16T15:50:00+00:00

Shares of Californian utility firm PG&E spiked 40 percent in early trading today after a state regulator eased concerns worries about the firm going bankrupt from liabilities attached to the Camp wildfire.

Lloyd's building

Analysis: Lloyd’s 2019 focus now shifts to capital

2018-11-16T12:27:00+00:00

*LoC deadline first; coming-in-to line 30 November ** Will all syndicates get capital in place? ***Losses, withdrawals and capital loadings add to squeeze

California wildfire aftermath i

Comment: Wildfires will add to 1.1 resolve

2018-11-16T10:21:00+00:00

Another devastating wildfire season in California has prompted debate over what is behind a rise in frequency and severity in the Golden State in the last few years.

Australia wildfires

Insurers and ILS investors exposed to $1.4bn PG&E Cali wildfire cover

2018-11-15T23:44:00+00:00

As wildfires continue to ravage large swathes of California, insurers face potential exposure through the upsized $1.4bn insurance cover bought by Pacific Gas and Electric Company (PG&E) on 1 August 2018 after the utility firm admitted it could be on the hook for billions of dollars in liability.

California fires 900px

Californian regulator eases PG&E bankruptcy fears

2018-11-16T15:50:00+00:00

Shares of Californian utility firm PG&E spiked 40 percent in early trading today after a state regulator eased concerns worries about the firm going bankrupt from liabilities attached to the Camp wildfire.

Lloyd's building

Analysis: Lloyd’s 2019 focus now shifts to capital

2018-11-16T12:27:00+00:00

*LoC deadline first; coming-in-to line 30 November ** Will all syndicates get capital in place? ***Losses, withdrawals and capital loadings add to squeeze

California wildfire aftermath i

Comment: Wildfires will add to 1.1 resolve

2018-11-16T10:21:00+00:00

Another devastating wildfire season in California has prompted debate over what is behind a rise in frequency and severity in the Golden State in the last few years.

Australia wildfires

Insurers and ILS investors exposed to $1.4bn PG&E Cali wildfire cover

2018-11-15T23:44:00+00:00

As wildfires continue to ravage large swathes of California, insurers face potential exposure through the upsized $1.4bn insurance cover bought by Pacific Gas and Electric Company (PG&E) on 1 August 2018 after the utility firm admitted it could be on the hook for billions of dollars in liability.



Berkshire-Hathaway's-modest-Q3-cat-loss-burden-i

Berkshire Hathaway’s modest Q3 cat bill of $372mn a fraction of rivals

After a 2017 cat loss bill of $3bn, Berkshire Hathaway’s 3Q 2018 modest cat losses of $372mn are a fraction of rivals, such as AIG’s hefty $1.62bn and Swiss Re’s $1.1bn.

Ren-Re-share-price-i

Analysis: RenRe’s $1.5bn TMR move cements strategic play

Shares in RenaissanceRe were trading off around 5 percent this morning in New York as some investors reacted negatively to news of the Bermudian’s $1.5bn deal to buy Tokio Millennium Re (TMR).

Emirates towers in dubai at dawn

‘Alternative capital hasn’t tapped into Eastern Europe or MENA yet’: Aon

Cedants in Central and Eastern Europe, Middle East and North Africa are yet to fully embrace the burgeoning alternative capital markets, according to Aon’s Tomas Novotny

Berkshire-Hathaway's-modest-Q3-cat-loss-burden-i

Berkshire Hathaway’s modest Q3 cat bill of $372mn a fraction of rivals

After a 2017 cat loss bill of $3bn, Berkshire Hathaway’s 3Q 2018 modest cat losses of $372mn are a fraction of rivals, such as AIG’s hefty $1.62bn and Swiss Re’s $1.1bn.

Ren-Re-share-price-i

Analysis: RenRe’s $1.5bn TMR move cements strategic play

Shares in RenaissanceRe were trading off around 5 percent this morning in New York as some investors reacted negatively to news of the Bermudian’s $1.5bn deal to buy Tokio Millennium Re (TMR).

Emirates towers in dubai at dawn

‘Alternative capital hasn’t tapped into Eastern Europe or MENA yet’: Aon

Cedants in Central and Eastern Europe, Middle East and North Africa are yet to fully embrace the burgeoning alternative capital markets, according to Aon’s Tomas Novotny



Bronek-year-early

Comment: Bronek was a year too early...

Bronek wasn’t wrong, just a year too early.

Miami

Will the retro tail wag the reinsurance dog at 1.1?

Over the past 12 months, the eyes of the reinsurance world have been keeping a close eye on the retro market.

Cash-is-King

Aon: in a world of fierce competition, capital is king

Capital management needs to be seen as a business-critical focus for large and small (re)insurers alike, according to Aon’s head of Capital Advisory Americas.

Bronek-year-early

Comment: Bronek was a year too early...

Bronek wasn’t wrong, just a year too early.

Miami

Will the retro tail wag the reinsurance dog at 1.1?

Over the past 12 months, the eyes of the reinsurance world have been keeping a close eye on the retro market.

Cash-is-King

Aon: in a world of fierce competition, capital is king

Capital management needs to be seen as a business-critical focus for large and small (re)insurers alike, according to Aon’s head of Capital Advisory Americas.